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Thu 20 May 2010, 15:36 MTX - Metorex Limited - Directors` Dealings Announcement
MTX
MEMTX                                                                           
MTX - Metorex Limited - Directors` Dealings Announcement                        
METOREX LIMITED                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1934/005478/06)                                            
Share code: MTX                                                                 
ISIN: ZAE000022745                                                              
Issuer code: MEMTX                                                              
("Metorex")                                                                     
DIRECTORS` DEALINGS ANNOUNCEMENT                                                
In compliance with section 3.63 of the Listings Requirements of the JSE Limited,
shareholders are advised of the following grant of options to a director:       
Name of director:         M Smith                                               
Director of:              Metorex Limited                                       
Date of transaction:      19 May 2010                                           
Number of securities:     2 156 000                                             
Strike price per share:   R3.66                                                 
Total value of            R7 890 960                                            
transaction:                                                                    
Vesting date:             Four equal tranches up to 2013                        
Class of security:        Ordinary shares                                       
Interest in transaction:  Direct beneficial                                     
The required prior written clearance for the above directors` dealing has been  
obtained.                                                                       
Johannesburg                                                                    
20 May 2010                                                                     
Sponsor                                                                         
Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
Date: 20/05/2010 15:36:01 Produced by the JSE SENS Department.                  
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